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Report: WIND-3 Italia deal set to get EU approval following concessions

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Report: WIND-3 Italia deal set to get EU approval following concessions

CK Hutchison Holdings Ltd. and are set to secure EUantitrust approval on the proposed merger of their units 3 Italia and WINDTelecomunicazioni SpA, Reuters reported July 8, citing two peoplefamiliar with the matter.

The companies recently struck a deal with to help create a fourthItalian mobile operator, as part of concessions to secure European Commissionapproval.

The EC is set to rule on the proposed deal by Sept. 8.

In May, the EC blocked Hutchison's planned acquisition of 's mobile operatorunit O2 in the U.K. due toanti-competitive concerns.